CapitaLand Investment (CLI) has announced a target under which it will more than double its funds under management (FUM) in its core market India by 2028, up from SGD 7.4 billion (Rs 458.8 billion) as on 30 June, 2024. This will contribute to CLI’s global target to achieve SGD 200 billion in FUM by 2028.

CLI will drive growth through CapitaLand India Trust (CLINT) and its private funds. It will leverage its operational expertise to grow assets, further expanding its logistics footprint under the logistics platform, Ascendas-Firstspace (AFS) and scaling up its lodging portfolio through CLI’s lodging arm, The Ascott.

As CLI reaches out to global corporations and through its activities and assets, it will attract many international players to invest and create work opportunities in India, while it remains focused on delivering sustainable returns to its capital partners.